What is Car Insurance?
Car insurance is a contract between a car owner and a general insurance company wherein the latter promises to protect the car owner from financial losses which may occur due to an unfortunate event involving his/her car. Depending on the scope of coverage, there are 3 types of car insurance policies - Third-Party Car Insurance, Standalone Own-Damage (OD) Car Insurance, and Comprehensive Car Insurance.
How to Buy Car Insurance Online?
The process of buying a car insurance is quite simple and easy. Here’s how you can buy the right car insurance online with us.
- Fill Your Car Details
Provide your car details such as its make, model, etc, to see car insurance price offered by top insurance providers in India.
- Compare Car Insurance Quotes
From all the available car insurance plans, select the plan which suits your budget & requirements in the best manner.
- Make Payment Online
Pay the policy premium online & get your car insurance document instantly in your inbox.
Popular Car Insurance Companies
Types of Car Insurance
Comprehensive Car Insurance
A Comprehensive Car Insurance policy is the most extensive car insurance cover under which an insurance company is liable to pay for financial liabilities incurred towards a third party as well as for the own-damages sustained by the insured’s car. In addition to road accidents, the policy is applicable in the event of natural calamities, man-made disasters, self-ignition or lightning, explosion, fire, theft, etc
Third-Party Car Insurance
Third-Party car insurance policy is a mandatory requirement for driving a car in India. It is the most basic car insurance plan and is thus also called Liability Only Car Insurance Policy. Under this cover, the insurance company is liable to pay for the bodily injuries, permanent disability, temporary disability as well as death of the third party caused by an accident involving the insured’s car. This plan also provides coverage for property damage incurred by the third party up to Rs. 7.5 Lakh.
Own Damage Car Insurance
In September 2019, the Insurance Regulatory and Development Authority of India (IRDAI) introduced the standalone Own-Damage car insurance policy. Under this plan, the insured gets insurance coverage only for the own-damages sustained by his/her four-wheeler in a road accident, natural/man-made calamity, fire, explosion, theft or any other mishap. A standalone own-damage car insurance policy aims at offering the insured the flexibility in terms of the insurance provider they want to choose.
Top Car Insurance Companies in India 2021
|Rank||Companies||Network Garages||Claim Settlement Ratio|
|1||Bajaj Allianz General Insurance||4,000+||88.83%|
|2||Bharti Axa General Insurance||5,200+||87.99%|
|3||Hdfc Ergo General Insurance||6,800+||91.23%|
|4||Icici Lombard General Insurance||8,800+||87.71%|
|5||Iffco Tokio General Insurance||4300+||95.30%|
|6||Kotak General Insurance||1,300+||82.81%|
|7||National General Insurance||3,100+||85.71%|
|8||New India General Insurance||3,000+||89.60%|
|9||Reliance General Insurance||6,200+||84.26%|
|10||Sbi General Insurance||16000+||89.51% in FY20|
|11||Tata Aig General Insurance||5,000+||90.49%|
|12||United India General Insurance||3,100+||82.93%|
|13||Universal Sompo General Insurance||3,500+||90.78%|
Car Insurance Add-ons
- Bumper to Bumper Car Insurance
Bumper to Bumper is an add-on cover designed to give holistic coverage to cars irrespective of their part’s depreciation value. With this cover, the insurers do not deduct the depreciation cost from the compensation for the repair and replacement of car parts, excluding car batteries and tyres. In simple terms, it eliminates the depreciation part during the claim settlement and gives complete coverage for rubber, fibre, and metal parts of the car.
- No Claim Bonus Cover
Your insurance provider rewards for not making a claim during a policy year. This reward is offered as a discount on the own-damage premium of your car insurance policy and is called the no claim bonus (NCB). It can go up to 50% of your own-damage premium. However, if you make even a single claim, this NCB gets lost. You can protect the loss of NCB by opting for a NCB protection cover.
- Engine Protection Cover
No coverage is offered for the damage incurred by the car’s engine due to oil leakage or water ingression. A standard car insurance policy only covers the damage caused to the engine during an accident. However, you can get a complete coverage for your car’s engine damage by opting for an engine protection add-on. It is one of the most opted for add-ons as the engine is the heart of the car.
- Return To Invoice Cover
In case of complete total loss of your car, the Insured Declared Value (IDV) of your car is paid as the compensation amount by the insurance provider. However, the IDV amount is lower than the actual price paid by you at the time of purchasing your car. You can bridge this gap by opting for a return to invoice cover which provides you the amount mentioned in car’s purchase invoice in the event of your car’s total loss.
- Roadside Assistance Cover
The roadside assistance add-on cover provides you with on-road assistance services if your car breaks down anywhere. To avail this benefit, you just have to call your insurer and it will arrange a mechanic for your location to help you out. This add-on cover offers several assistance services such as minor on-site repair, changing a flat tyre, car towing, fuel delivery, battery jumpstart, and so on.
- Consumable Cover
When a car gets repaired, several consumable items are used like lubricants, coolant, nuts and bolts, grease, engine oil, screw, oil filter, etc. Generally, the expenses of consumable items are not covered by a car insurance policy and the policyholder has to bear this cost. But the consumable add-on cover reimburses the cost of consumables items incurred during the repair of an insured car.
- Accessories Cover
Different types of accessories are fitted in the cars to enhance their protection and beauty. These include stereo systems, reverse cameras, etc. These luxurious accessories are electrical and non-electrical. Since they are costly, it makes them theft-prone and can also bring a huge loss in case of accidents. Here, accessories add-on cover comes in to shield your car’s accessories by offering you additional coverage to reimburse them.
- Passenger Cover
Passenger add-on cover is an add-on cover that provides financial protection for the passengers riding in the insured car against liabilities arising from accidents. However, it is compulsory to own a personal accident cover to insure the owner-driver, but covering passengers is not mandatory. Still, you can opt for this benefit to cover passengers including your family members or your customers, if you have a commercial car.
- Key Replacement Cover
In case you lost or misplaced your car’s key, you need to get a duplicate key by approaching the service center of your car, which can be a time-consuming and expensive procedure. To reduce the hassle, you can opt for the lost key cover. It is an add-on cover that will reimburse the expense to repair or replace your car key, in case you lose, damage, or misplace them.
- Personal Accident Cover
A personal accident cover or PA cover is a benefit provided by insurance companies to an owner-driver of an insured car to help them stay protected against any type of accidental injuries. This cover gives compensation to the owner-drivers to cover their bodily injuries, permanent disability or death incurred due to a car accident. An owner-driver is the owner of the car, who owns a valid and active driving license.
- Tyre Protection Cover
A tyre protection cover is an add-on cover designed to provide coverage for the repair as well as replacement expense of tyres of the insured car. This benefit also covers accidental loss or damage, bursting of tyre or cut sustained by the tyre and tubes in addition to labour charges incurred during the repair or replacement of tyres which comprise refitting, rebalancing or removing the wheel.
Explore Car Insurance
Car Insurance Coverage
- What is Covered?
- What is not Covered?
- Third Party Bodily Injuries
All bodily Injuries caused to someone else by your car in an accident will be compensated for by your insurance provider.
- Third Party Disability
If an accident caused by your car results in a disability of a third party, then the compensation for the same will be provided
- Third Party Death
Compensation will be provided in case an accident caused by your car results in a demise of a third party.
- Third Party Property Damage
Damages caused to a third party’s property will be covered up to Rs. 7.5 Lakh.
- Road Accidents
Damages caused to your car in accidents or collisions will be covered.
- Natural Calamities
Damages sustained by your car in natural disasters such as earthquakes, floods, cyclones, etc will be covered.
- Man-made Disasters
Damages incurred by your car in man-made disasters like riots, strikes, terrorsism, vandalism, etc will be covered.
- Damage During Transit
Damages caused to your car during transit by road, rail, inland waterway, and lift will be covered.
Damages sustained by your car in fire and explosions will be covered.
- Theft of Your Car
Loss of your car due to theft or burglary is covered.
- Drunk Driving
Claims for incidents when the insured was driving under the influence of alcohol are not admissible.
- Driving Without Valid Driver’s License
No coverage is offered if the insured was driving without a valid driver’s license.
- Wear and Tear/Depreciation
By default, no coverage is offered for depreciation expenses of the car.
No coverage is available for engine oil, brake oil, air conditioner refrigerant, radiator coolant, nuts, bolts, screws, washers, grease, etc.
- Mechanical/Electrical Breakdown
No coverage is provided for mechanical/electrical breakdowns.
- Driving Under the Influence of Drugs
Claims when the insured was driving under the influence of drugs are not covered.
- Damage in War/Nuclear Attack
No coverage is provided for damages sustained in a war or nuclear activity/attack.
- Damage to Tyre/Tubes Except in Accidents
By default, damages incurred by tyres and tubes, except in case of accidents, are excluded from the coverage
- Damage Incurred Outside Covered Geographical Boundaries
No coverage is offered for damages incurred outside the coverage geographical limits.
How To File a Online Car Insurance Claim?
A car insurance claim can be made in two ways - cashless claim or reimbursement claim. When you visit a network (partner) garage of your insurance provider for your car’s repair work, the claim is settled in a cashless manner When you visit a non-network garage of your choice, the claim is settled first by you and is later reimbursed to you by your insurance provider. You can follow the below steps to make a car insurance claim -
- Step 1: Inform your insurance provider about the incident.
- Step 2: Get your claim intimation number.
- Step 3: A surveyor will visit the place of the incident to assess the damages.
- Step 4: Your insurance provider will arrange for towing services for your car, if required.
- Step 5: Get your car repaired at either a cashless network garage or a garage of your car.
- Step 6: The claim will be settled by the insurance provider in accordance with the garage chosen by you for repairs.
Why Choose InsuranceDekho for Car Insurance Online?
- Car Insurance in Just 5 Minutes*
Wait no more! Get your car insurance online in just 5 minutes with our easy, quick and paperless car insurance policy issuance process.
- Over 5.5 Lakh Happy Customers
InsuranceDekho is a favourable choice among insurance buyers. Our transparent and quick process, availability of top-rated four wheeler insurance plans and dedicated customer support team has helped us win the love and confidence of over 5.5 Lakh happy customers
- 7 Days Dedicated Customer Support
Our dedicated customer support team is available at your service all the 7 days of the week. Feel free to reach out to us for any four wheeler insurance related assistance, be it for policy purchase or claim settlement, we are always there to help you.
Benefits of Buying Car Insurance?
A car insurance offers a host of benefits to its policyholders. The key benefits are as follows -
Helps You Stay Legally CompliantA car insurance helps you stay legally compliant as according to Indian Motor Tariff, every car owner is mandatorily required to have at least a third-party car insurance policy. The absence of which is punishable with a fine of Rs. 2,000 and/or imprisonment of up to 3 months.
Protection Against Third-Party LiabilitiesA car insurance policy helps you mitigate third-party liabilities such as bodily injuries, temporary/permanent disability, death as well as property damage. While, the compensation of third-party property damage is limited to Rs. 7.5 Lakh, there is no compensation cap in case third party bodily injuries, disability or death.
Protection Against Own-DamagesA car insurance policy helps you keep yourself financially secured against the own-damage expenses of your car. Damages incurred in road accidents, natural calamities, man-made disasters, fire, explosion, vandalism, etc are covered under standalone own-damage as well as comprehensive car insurance plans.
Coverage Against TheftA car insurance policy also provides coverage in case of theft of your car. In case your car gets stolen, your insurance company provides you with your car’s Insured Declared Value (IDV) which corresponds to the market price of your car.
Personal Accident CoverWith a car insurance policy, you can also get a personal accident cover of up to Rs. 15 Lakh which offers a coverage in case of death, bodily injuries as well as disability of the policyholder in a car accident.
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Comparison of Different Car Insurance Plans
|Coverage||Third-Party Cover||Standalone OD Cover||Comprehensive Cover|
|Third-Party Bodily Injuries|
|Third-Party Property Damage|
|Personal Accident Cover|
|Theft of Car|
Frequently Asked Questions About Car Insurance
What is a car insurance policy?Car Insurance/Four Wheeler Insurance is an agreement between an insurance company and a car owner under which the former provides an insurance cover to the policyholder for financial damages incurred by his/her car in unforeseen events. Depending on the coverage, there are three types of car insurance plans - third party car insurance policy, standalone own-damage car insurance and comprehensive car insurance policy.
Why should I buy car insurance?
There are a number of benefits of owning four wheeler insurance. Firstly, it helps you meet the legal requirement of owning at least a third party car insurance cover. Moreover, a car insurance policy helps you meet financial liabilities that may arise towards a third party or own-damages to your car due to a road accident or any other unfortunate event.
How much fine do I have to pay for not holding car insurance while driving?
It is mandatory to own at least a third party car insurance policy while driving a car. If you get caught driving without it for the first time, you may be charged with a fine of Rs. 2,000 with or without imprisonment of a maximum of 3 months that can increase to a fine of Rs. 4,000 and/or jail of up to 3 months, when caught for the second time.
How much is car insurance premium?
The premium rates for third-party car insurance depend on the engine capacity of the car and is fixed by the IRDAI. However, the premium for standalone own-damage and comprehensive car insurance policies varies from car to car depending on a number of factors such as car's MMV (Make, Model and Variant), RTO location, engine capacity, registration city, fuel type,
What if my car insurance policy gets expired?
Every car insurance comes with a validity period, post which you need to renew it to continue to enjoy its benefits. However, even if you miss to get your car insurance plan renewed by the expiry date, you can still get it renewed till the next 90 days from the date of expiry. After the expiry of this 90-day period, car insurance cannot be renewed. In such a case, you need to purchase a new car insurance policy.
How to find my car insurance policy number?
Car insurance policy number is a unique 8 to 10 digit number, given by your car insurance company for the identification of your insurance account. It is generally written on your insurance card or statements issued by the insurance company. The number remains the same as long as your policy is active with the respective insurance provider.
Which is the best car insurance company in India 2021?
There are a number of factors which make a car insurance company better than its peers. One such important factor is Claim Settlement Ratio (CSR). It is the percentage of claims settled by a car insurance company out of the total number of claims received by it during a financial year. In the financial year 2018-19 the insurance companies which registered the highest claim settlement ratio are IFFCO Tokio General Insurance (96.44%), Royal Sundaram General Insurance (94.07%), and Oriental Insurance Company (93.16%)..
Is car insurance mandatory in India?
As per the Indian Motor Tariff, every car owner in the country is compulsorily required to own at least a third party car insurance cover. Absence of a valid third party car insurance plan is a punishable offence which attracts a fine of Rs. 2,000 and/or imprisonment of up to 3 months for the first offence.
How is car insurance premium calculated?The premium of third party car insurance plans is determined by the IRDAI, whereas the premium for standalone own-damage and comprehensive plans vary from insurance company to insurance company. Following are some factors which affect the premium for own-damage four wheeler insurance cover:
- Insured Declared Value – The Insured Declared Value (IDV) is the current market value of the four wheeler. It is one of the important factors which affect the calculation of the premium as IDV is the amount which insurance companies pay the policyholder in the event of total loss of car. Higher IDV attracts a higher premium.
- Engine Cubic Capacity – The premium of a car insurance plan is also a function of the car’s engine cubic capacity. Greater the car’s cubic capacity, higher is the premium.
- Age of the Car – With time the value of the four wheeler reduces due to depreciation. The normal wear and tear reduce the value of the car in the market due to which its insurance premium also reduces. Thus, greater the age, lower the premium.
- Make, Model and Variant – The make, model and variant of the car affects the IDV of the car which eventually affects the car insurance premium. For different make, model and variants of the car, the different premium is applicable.
- RTO Location – Another important factor is the RTO location of the car. It gives the insurance company an idea about the density of traffic in the area/city where the car will be driven and thus the probability of road accidents and other mishaps.
Can car insurance be transferred to the new owner at the purchase of a second hand four wheeler?
Yes, the four wheeler insurance can be transferred from the old owner to the new owner in case the sale of a second-hand car. As per the Indian Motor Tariff, the policy transfer should be completed within 14 days from the car’s purchase date.
Can one car owner buy two policies for the same car?
No, one car owner can not have two insurance policies for the same four-wheeler. However, a third-party insurance plan and own damage cover can be purchased separately for a four-wheeler, in place of a comprehensive four wheeler insurance.
How to Claim Car Insurance Online?
A car insurance claim can be made online by following the below-mentioned steps:
Step 1: Register the claim by visiting the website or mobile app
Step 2: After claim registration, the car’s owner gets a claim registration number
Step 3: After claim registration, the four wheeler insurance company sends a surveyor the place of accident/mishap to assess the extent of damage. The policyholder needs to submit the required documents at this stage to the surveyor to proceed with the claim.
Step 4: The damaged four wheeler is then sent to a garage for repairs. Depending on the type of garage, the payment for the claim will be made.
Step 5: If a network garage is chosen, the bill is directly settled by the four wheeler insurance company with the garage. In case, the garage is not a part of the insurance company’s cashless garages network, the policyholder needs to settle the bill which is later reimbursed by the insurance company.
What is depreciation in car insurance?
Depreciation in car insurance refers to the loss of the insured car’s value with time due to wear and tear. The depreciation rate plays a vital part in a car insurance policy as insurance companies consider, based on the car’s age, to determine the value they agree to provide for your car.
I have bought a used car. Can the insurance of its last owner continue while the car ownership has been transferred to my name?
The Indian Motor Tariff gives a period of 14 days from the date of the car’s sale to get the car insurance plan transferred from the previous car owner’s name to your name. If you fail to get your car insurance plan transferred within 14 days, your car will have no valid insurance protection.
What are the factors that insurance companies consider to accept car insurance applications?
While applying for a car insurance policy, the insurance company can ask you to disclose various relevant information requested on the car insurance application. Many insurers consider your credit history, age, criminal record, and other aspects for accepting or rejecting your application.
How can I transfer a car insurance policy to my name?
After making the payment of a transfer fee of Rs. 50, the buyer should own the below-given documents for the car insurance policy transfer process:
1. New copy of the registration certificate/form 29
2. Old policy document
3. No Objection Clause (NOC) from the last policyholder
4. New application form
5. Inspection Report from the insurer
6. Difference amount of No Claims Bonus
Once all these documents are submitted, the insurer validates the policy transfer. You should initiate this transfer process within 14 days of car purchase.
Once the car inspection request is logged online, how long does it take to get the car policy?
Once the request is made, the car inspection process is conducted within 24 hours. After the successful inspection, the surveyor makes an online recommendation to you within 48 hours of which, you will have to log in to the insurance website and convert your plan. Failing to do so within the stipulated time will make you go through the entire process again.
What do you mean by Constructive Total Loss?
An insurance company declares the insured car to be a constructive total loss when it gets damaged to an extent where repair cost would equal or exceed its cost or its insurance coverage limit. It states that the insurance company will have to pay out the insured value of the car rather than pay for it to be restored to its previous condition.
If I buy new accessories for my car, can I get them insured in the middle of the insurance policy term?
You can insure the accessories that you purchased for your car at the time of car insurance policy renewal time and not in the middle of the insurance policy term.
When should I report to the police?
When your car meets with an accident or gets stolen, you should report it to the police as soon as possible and file an FIR (First Information Report). All insurers ask for an FIR copy for initiating the settlement process.
What is the meaning of voluntary deductible in car insurance?
A voluntary deductible is the share of the insurance claim that the policyholders agree to pay from their own pocket. If you choose this deductible, the premium of your policy will decrease.
What to do if there is a mistake in my car policy document?
If there is any wrong or incorrect detail entered in the car insurance policy document, you can edit it online or offline as per the provisions offered by your insurance company. You can either make changes in the policy online or through call or email or by making a visit to the nearest branch of your insurer.
What happens to the car insurance policy if I sell my car?
According to the Motor Vehicle Act, 1988, when you sell your car, you become responsible to transfer your existing car insurance policy in the name of the new owner of the car within 14 days of the sale of the car. Also, you can cancel your policy by getting in touch with your insurer. Your insurance company will prorate your payment and give back the remaining amount for the month or overall policy term.
Can I get medical cover for bodily injuries or demise of the passenger(s) commuted in my car? Should I purchase a separate car insurance cover for that?
You can purchase a personal accident cover for passengers commuting in your car as an add-on cover. This plan will cover the cost of treatment for accidental injuries sustained by the passengers.
What is a cover note in car insurance?
When it comes to car insurance, a cover note is a temporary certificate of insurance issued by the insurance company before the issuance of a policy after the insured person has submitted a duly filled in proposal form and has made the complete payment of premium.
Does car insurance cover scratches, dents and cosmetic damage?
Yes, your car insurance will cover the cost to repair for dents, scratches and cosmetic damage, if the insured individual holds a comprehensive or standalone own-damage car insurance policy.
What are the risks covered by the comprehensive car policy?
Comprehensive car insurance gives coverage to your third-party liabilities in addition to the damage sustained by your car due to an accident, theft, fire, natural calamities like earthquake, flood, etc, and man-made disasters such as riots, strikes, and so on.
Does car insurance cover passengers?
The passengers of your car can be covered under car insurance if you purchase a passenger cover.
Does a car insurance policy cover tyre damages?
Car insurance gives coverage to tyre and tube repair and replacement only in case the insured car has met with an accident. In simple terms, the tyre damages are covered only if the insured car is also damaged in the same accident or at the same time. This excludes tyre burst, normal wear and tear, and so on. However, the policy limits the coverage to 50% of the cost of replacement of tyres.
Will my car policy cover electrical fires?
The damage incurred due to an electrical fire can be covered by your car insurance if there is a provision in your policy.
Will my insurance company give coverage for an accident caused by someone else while driving my car?
The car insurance will cover you, your car, and anyone else driving your car with your consent. So, if you lend your car to your friend, sister, cousin, etc, then the insurance company will pay in the event of an accident.
What is Garage Cash cover in car insurance?
It is an additional benefit that provides the car owner with a daily allowance to cover the daily cost of transportation if your car has to stay at the garage for long for repair.
Do you cover damage due to a hit by a coconut or cricket bat?
Since, car insurance coverage gives coverage for manmade disasters where people might damage a car purposely in riots, strikes, etc, therefore, damages caused due to coconut and a cricket bat can be covered.
Does car damages due to rat bites is covered by the policy?
Car damages due to rat-bite are covered under the own damage or comprehensive car insurance. Rat damage claim is admissible as it is caused by accidental and visible external means.
Is the engine damage covered by car insurance?
Car insurance is designed to give coverage for any damage incurred by the engine of the insured car if it meets with an accident. However, no coverage is provided for engine damage due to wear and tear or mechanical failure. To get such coverage, you can add an engine protection add-on cover to your policy.
Why do car insurance premiums differ from company to company?
The rates of car insurance vary from one insurer to another as every company uses a unique formula to estimate risk and determine the amount of premium and claim that it will pay during the policy year.
Why the premium of car insurance increases every year?
The car insurance premium increases every year as third party insurance premium rates are increased by IRDAI. Since, third party cover is compulsory for all car owners, hence, it impacts the premium amount of the car insurance. After reviewing the loss ratios of car insurance companies and the total number of claims raised by policyholders, the IRDAI declares the third party premium rates for the next financial year.
Does the premium amount of car insurance depends on the city?
Yes, the city or town of car registration impacts the premium cost of car insurance. Insurance companies classify locations in the country in different zones based on the risk associated with them. Generally, zones are termed as metro cities and the rest of India. The former has a high rate of accidents and vandalism that attracts a higher premium in comparison with an insured person living in a less developed and populated city.
Can I pay the car insurance premium in instalments?
No, as of now there is no provision to make payment of car insurance premium in instalments.
Should I file a claim with my car insurer for a dent at the backside of my car? Will my premium go up?
You can claim for the dent at the backside of your car but it can terminate any accrued No Claim Bonus (NCB) benefit, which can enhance the premium of your next policy year. Hence, it is suggested to bear small damages on your own to save NCB and avoid the increase of premium.
Why is it essential to renew a car insurance plan?
The renewal of the car insurance policy ensures the continuation of policy coverage for the next policy year. Apart from fulfilling legal requirements and policy cover, the on-time policy renewal brings several other benefits such as save your NCB, allow self-inspection and help in hassle-free renewal.
What is the right time To Renew Car Insurance?
Most car insurance plans come with a validity of one year while some long term plans come with a 3-year policy term. All the policies are required to be renewed within the due date of their expiry. If the expiry date passes, you should renew it within 30 to 90 days of the grace period that varies from insurer to insurer.
What are the benefits of renewing from the same insurance company?
Many people stick to one insurance company only and keep renewing their plans every year with them. Renewing the policy with the same insurance company can provide a wide variety of benefits that includes trusted relationship gets to build, no hidden cost or fee is charged, and policy renewal becomes easier for you.
How much time will it take to buy or renew a car insurance policy online?
If you have data and details handy, it will take just a few minutes to purchase or renew a car insurance policy online especially at popular insurance portals like InsuranceDekho.
Will my No Claim Bonus get migrated if I renew my car insurance with another insurance company?
Yes, your NCB can be migrated and you can avail of it even if you change your insurance company during the policy renewal. However, you will have to submit evidence of the earned NCB through a renewal notice from your current insurance company.
How can I renew the expired car insurance policy online?
To renew your car insurance policy online, visit the insurance company website you wish to renew your policy with. Click to the renewal section and enter your previous car insurance policy number and its expiry date. Confirm the details of the plan and pay the premium.
Is it safe to online renew a car insurance policy?
Yes, it is absolutely safe to renew a car insurance policy, if you renew it from an authentic insurance company or an insurance broker.
What is the cost of car insurance policy renewal?
There is no fixed cost of renewing a car insurance plan as it depends on several factors such as type of policy, add-ons in policy, modifications in the car, and so on.
What will happen to my No Claim Bonus (NCB) if I renew my expired car policy?
Your No Claim Bonus (NCB) will stay intact if you are able to renew your expired car insurance policy within 90 days of expiration, otherwise, the NCB discount will become invalid.
What is a No Claim Bonus (NCB) in car insurance?
The No Claim Bonus (NCB) is a reward given by insurance companies in terms of discounts to their policyholders for making no claim requests in a policy year. The NCB discount ranges between 20% and 50% which is applicable on the premium of the next policy year.
What document should I submit to avail my No Claim Bonus?
If you are renewing the car insurance policy with your own insurance company then only your policy document will be required to avail No Claim Bonus. But, if you are renewing your plan with a new insurance company for your current car, you will be required your previous year’s car insurance policy document or renewal notice which states the NCB you are eligible for.
My car insurance policy has expired. Will my NCB be retained?
No, if your car insurance policy gets expired, then your No Claim Bonus (NCB) will be cancelled and you will have to renew your plan on the standard policy premium.
I have purchased a new car and want to transfer my old car's NCB (from another insurance company) onto the new car insurance policy. What will be the process?
You can simply transfer your No Claim Bonus (NCB) to your new car by cancelling your old car insurance policy. After the cancellation, your insurance company will issue you an NCB retention letter that you will have to submit to your new car insurance company to avail of the bonus.
Is my NCB transferable when I change my car or insurer?
The No Claim Bonus (NCB) is offered in the name of the policyholder and not to the insured car. Hence, it can be transferred to another insurance company or car owned by you.
What is Zero Depreciation in a car insurance policy?
Zero Depreciation is an add-on cover in car insurance that make the insurance company pay the complete amount of claim to the policyholder without taking the depreciation cost on the parts of the car into consideration. Since it is an add-on, you will have to pay a little extra premium to avail of it.
What is Insured Declared Value (IDV) in car insurance policy?
Insured Declared Value (IDV) in car insurance is the maximum sum insured set by the insurance company to offer to policyholders in case of theft or total loss of the insured car. IDV is the present market value of the car and if your car suffers total loss, the IDV will be provided as compensation.
How can I add or remove Hypothecation in my car insurance policy?
To add hypothecation in your car insurance, you will have to submit a letter from your bank or an endorsed copy of RC, form 34, PUC certificate, address proof and PAN card of the car owner, valid car insurance policy and receipt of the fee paid for the hypothecation by the RTO. On the other hand, to remove the hypothecation from your car insurance, you will have to submit NOC from the lender to the insurance company in addition to form 35, a valid car insurance plan, and PUCC.
How do I get a duplicate copy of my car insurance policy online?
You can get a duplicate copy of your car insurance in 3 simple steps:
Step 1: Visit your insurer’s website and choose the car insurance tab.
Step 2: Log in to the account by entering the required details like policy number, mobile number, etc.
Step 3: You can download the policy copy easily from the available link.
Also, in case of any trouble, you can contact the customer care team of your insurance company and request for duplicate car insurance policy copy and they will send it to you.
Is an online car insurance policy a valid document?
Yes, the online car insurance policy is a valid document.
What should I do if I lose my online car policy?
Inform your insurance company at the earliest about losing your policy so they can begin the process of issuing a duplicate policy document. Some insurers require a police complaint to issue a duplicate policy copy, in such a case, you should register a FIR.
How can I check my car insurance policy status?
You can check the status of your car insurance policy online through the website of the Insurance Information Bureau (IIB) or VAHAN E-services and follow simple steps. You can also check your car insurance status via the QR code that IRDAI has made mandatory for every car insurance policy to hold the necessary details that you can scan with your smartphone to fetch status. In case an online facility is not available, you can check the status of your car insurance policy by visiting or getting in touch with the RTO office, where you will have to provide your car registration number.
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*Standard T&C Apply. All savings/offers are provided by the Insurers, which are subject to modification .For more details on risk factors, terms and conditions, please read the sales brochure of respective insurers carefully before concluding a sale. Tax benefits are subject to changes in applicable tax laws. Girnar Insurance Brokers Private Limited, (CIN: U66010RJ2016PTC054811, Regd .Off: Girnar 21, Govind Marg, Moti Doongari Road, Dharam Singh Circle, Jaipur, Rajasthan- 302004; Corp. Off: 11th Floor, Tower B, Emaar Digital Greens, Golf Course Extension Road, Sector-61, Gurugram-122102, Haryana. IRDAI License no 588. Direct Broker (Life & General) valid till 19th March 2023. Email - firstname.lastname@example.org ; Helpline number: 7551196989.
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